Texas Tax Code
§ 11.4391 — LATE APPLICATION FOR FREEPORT EXEMPTION
TX § 11.4391Title 1. PROPERTY TAX CODE · Part C. TAXABLE PROPERTY AND EXEMPTIONS · Ch. 11. TAXABLE PROPERTY AND EXEMPTIONS · Art. C. ADMINISTRATION OF EXEMPTIONS
Statute text
View on source(a)The chief appraiser shall accept and approve or deny an application for an exemption for freeport goods under Section 11.251 after the deadline for filing it has passed if it is filed on or before the later of:
(1)June 15; or
(2)if applicable, the 60th day after the date on which the chief appraiser delivers notice to the property owner under Section 22.22.
(b)If the application is approved, the property owner is liable to each taxing unit allowing the exemption for a penalty in an amount equal to the lesser of:
(1)10 percent of the difference between the amount of tax imposed by the taxing unit on the inventory or property, a portion of which consists of freeport goods, and the amount that would otherwise have been imposed; or
(2)10 percent of the amount of tax imposed by the taxing unit on the inventory or property, a portion of which consists of freeport goods.
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Legislative history
Acts 2017, 85th Leg., R.S., Ch. 357 (H.B. 2228), Sec. 1, eff. January 1, 2018. Acts 2019, 86th Leg., R.S., Ch. 944 (S.B. 2), Sec. 26, eff. January 1, 2020. Acts 2025, 89th Leg., R.S., Ch. 1004 (S.B. 1352), Sec. 2, eff. September 1, 2025.